<SEC-DOCUMENT>0001193125-19-157079.txt : 20190524
<SEC-HEADER>0001193125-19-157079.hdr.sgml : 20190524
<ACCEPTANCE-DATETIME>20190524163502
ACCESSION NUMBER:		0001193125-19-157079
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190520
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190524
DATE AS OF CHANGE:		20190524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLOTEK INDUSTRIES INC/CN/
		CENTRAL INDEX KEY:			0000928054
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS CHEMICAL PRODUCTS [2890]
		IRS NUMBER:				900023731
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13270
		FILM NUMBER:		19854906

	BUSINESS ADDRESS:	
		STREET 1:		10603 W. SAM HOUSTON PARKWAY N
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77064
		BUSINESS PHONE:		7138499911

	MAIL ADDRESS:	
		STREET 1:		10603 W. SAM HOUSTON PARKWAY N
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77064
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d95355d8k.htm
<DESCRIPTION>8-K
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<TITLE>8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): May&nbsp;20, 2019 </B></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Flotek Industries, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-13270</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">90-0023731</FONT></B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction<BR>of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission<BR>File Number)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(IRS Employer<BR>Identification No.)</B></TD></TR>
</TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>10603 W. Sam Houston Pkwy N., Suite 300<BR>Houston, Texas</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>77064</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (713)
<FONT STYLE="white-space:nowrap">849-9911</FONT> </B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address, if changed since last report.) </B></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&nbsp;12(b) of the Act: </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of each class</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading Symbol(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of each exchange on which registered</B></P></TD></TR>


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<TD VALIGN="top" ALIGN="center"><B>Common Stock, $0.0001 par value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>FTK</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>New York Stock Exchange</B></TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule
405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;1.02</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Termination of a Material Definitive Agreement. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;20, 2019, Flotek Industries, Inc. (the &#147;Company&#148;), John W. Chisholm, President, Chief Executive Officer and Chairman of
the board of directors (the &#147;Board&#148;) of the Company, Protechnics II, Inc. (&#147;Protechnics&#148;) and Chisholm Management, Inc. (&#147;CMI,&#148; and together with Protechnics, the &#147;Chisholm Companies&#148;) entered into a
Termination and Release Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the Termination and Release Agreement, the parties agreed to terminate the Fifth Amended
and Restated Services Agreement, dated as of April&nbsp;15, 2014, by and among the Chisholm Companies and the Company (the &#147;Services Agreement&#148;) and that certain Letter Agreement, dated as of April&nbsp;15, 2014, by and between the Company
and Mr.&nbsp;Chisholm (the &#147;Letter Agreement&#148;). In connection with such termination, Mr.&nbsp;Chisholm and the Company entered into the Chisholm Employment Agreement (as defined below). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Summaries of the material terms of each of the Services Agreement and the Letter Agreement may be found in the Current Report on Form <FONT
STYLE="white-space:nowrap">8-K</FONT> filed by the Company on April&nbsp;21, 2014, which summaries are incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Employment Agreement with John W. Chisholm </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;20, 2019, the Company and Mr.&nbsp;Chisholm entered into an Employment Agreement (the &#147;Chisholm Employment Agreement&#148;)
dated effective as of April&nbsp;1, 2019 (the &#147;Effective Date&#148;), pursuant to which Mr.&nbsp;Chisholm will continue to serve as the Chief Executive Officer and President of the Company under the terms set forth therein. The Chisholm
Employment Agreement provides for a term of employment from the Effective Date until the earlier of (i)&nbsp;March&nbsp;31, 2020 or any extension or renewal period, (ii)&nbsp;Mr.&nbsp;Chisholm&#146;s resignation with or without Good Reason (as
defined in the Chisholm Employment Agreement) or Mr.&nbsp;Chisholm&#146;s death or disability, or (iii)&nbsp;Mr.&nbsp;Chisholm&#146;s termination by the Company with or without cause. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Chisholm Employment Agreement provides, among other things, that (i)&nbsp;Mr.&nbsp;Chisholm will earn an annual base salary of $550,000,
(ii) Mr.&nbsp;Chisholm will be granted 85,000 shares of restricted stock of the Company under the Company&#146;s 2018 Long-Term Incentive Plan and related award agreement, which shall vest upon Mr.&nbsp;Chisholm&#146;s termination of employment or
March&nbsp;31, 2020, whichever is earlier; (iii)&nbsp;Mr.&nbsp;Chisholm will be eligible for quarterly and annual bonuses in accordance with (1)&nbsp;the Company&#146;s management incentive plan at a level of 110% of base salary for 2019 and 2020
and (2)&nbsp;the Company&#146;s performance unit plan at an award value factor of 2.25 in 2019 and 2020; (iv) Mr.&nbsp;Chisholm will be reimbursed by the Company for all reasonable expenses incurred in the course of performing duties under the
Chisholm Employment Agreement; and (v)&nbsp;upon termination of Mr.&nbsp;Chisholm&#146;s employment by the Company for any reason, by Mr.&nbsp;Chisholm with Good Reason, and upon expiration of the Chisholm Employment Agreement at the end of his
employment period, and subject to the satisfaction of certain other specified conditions, Mr.&nbsp;Chisholm will be entitled to receive severance compensation of (1) $3,612,000, payable in monthly installments at the end of each of the 24 full
calendar months following the execution and effectiveness of a release agreement and in an amount equal to <FONT STYLE="white-space:nowrap">one-twenty-fourth</FONT> of such severance compensation, (2)&nbsp;the time-vested portion of the 2019
Performance Unit Plan (the &#147;2019 PUP&#148;), and (3)&nbsp;certain continued health coverage reimbursements upon election. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
connection with the Chisholm Employment Agreement, on May&nbsp;20, 2019, Mr.&nbsp;Chisholm and the Company entered into a Confidentiality and Restrictive Covenants Agreement (the &#147;Confidentiality Agreement&#148;). Pursuant to the
Confidentiality Agreement, among other things, for a period of six months following the termination of his employment with the Company, Mr.&nbsp;Chisholm agreed not to (i)&nbsp;disclose or use the Company&#146;s Confidential Information (as defined
in the Confidentiality Agreement) for any purpose other than the performance of his duties or as otherwise provided in the Confidentiality Agreement; (ii)&nbsp;compete against the Company; (iii)&nbsp;solicit customers of the Company; or
(iv)&nbsp;solicit or hire Company employees. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The description of the Chisholm Employment Agreement is qualified in its entirety by
reference to the copy thereof filed as Exhibit 10.1 to this Form <FONT STYLE="white-space:nowrap">8-K,</FONT> which is incorporated by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>First Amendment and Restated Employment Agreement with Elizabeth T. Wilkinson </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;20, 2019, the Company and Elizabeth T. Wilkinson entered into the First Amended and Restated Employment Agreement (the
&#147;Wilkinson Employment Agreement&#148;), dated effective as of the Effective Date, pursuant to which Ms.&nbsp;Wilkinson will continue to serve as Chief Financial Officer of the Company. The Wilkinson Employment Agreement provides for a term of
employment from the Effective Date until the earlier of (i)&nbsp;December&nbsp;31, 2020, (ii) Ms.&nbsp;Wilkinson&#146;s resignation with or without Good Reason (as defined in the Wilkinson Employment Agreement) or Ms.&nbsp;Wilkinson&#146;s death or
disability, or (3)&nbsp;Ms.&nbsp;Wilkinson&#146;s termination by the Company with or without Cause (as defined in the Wilkinson Employment Agreement). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Wilkinson Employment Agreement provides, among other things, that (i)&nbsp;Ms.&nbsp;Wilkinson will earn an annual base salary of $350,000;
(ii) Ms.&nbsp;Wilkinson will be eligible for quarterly and annual bonuses in accordance with (1)&nbsp;the Company&#146;s management incentive plan at a level of 75% of base salary for 2019 and (2)&nbsp;the Company&#146;s performance unit plan at an
award value factor of 1.35 in 2019; (iii) Ms.&nbsp;Wilkinson will be reimbursed by the Company for all reasonable expenses incurred in the course of performing duties under the Wilkinson Employment Agreement; and (iv)&nbsp;upon termination of
Ms.&nbsp;Wilkinson&#146;s employment by the Company without Cause or by Ms.&nbsp;Wilkinson with Good Reason prior to the end of her employment period, and subject to the satisfaction of certain other specified conditions, Ms.&nbsp;Wilkinson will be
entitled to receive severance compensation of (1)&nbsp;an amount equal to 150% of her annual base salary and target bonus under the then applicable Management Incentive Plan of the Company payable in nine monthly installments equal to <FONT
STYLE="white-space:nowrap">one-ninth</FONT> of such severance compensation, payable at the end of each of the next nine full calendar months following the first full calendar month after Ms.&nbsp;Wilkinson&#146;s execution and effectiveness of a
release agreement and (2)&nbsp;certain continued health coverage reimbursements upon election. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The description of the Wilkinson
Employment Agreement is qualified in its entirety by reference to the copy thereof filed as Exhibit 10.2 to this Form <FONT STYLE="white-space:nowrap">8-K,</FONT> which is incorporated herein by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Wilkinson Restricted Stock Grant </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;20, 2019, the Board approved a grant to Ms.&nbsp;Wilkinson of 40,000 shares of restricted stock of the Company under the
Company&#146;s 2018 Long-Term Incentive Plan and related award agreement, which shall vest on May&nbsp;24, 2020. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Compensatory Arrangements of
Certain Officers </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>2019 Management Incentive Plan </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;20, 2019, the Compensation Committee (the &#147;Compensation Committee&#148;) of the Board adopted a Management Incentive Plan (the
&#147;2019 MIP&#148;) with respect to certain of its senior executive officers in order to provide appropriate incentives to work towards the continued growth and success of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The 2019 MIP provides for the payment of cash bonuses to management personnel selected by the Compensation Committee, including all of the
named executive officers. These bonuses are expressed as a percentage of each participant&#146;s annual base salary as of the date the 2019 MIP becomes applicable to a participant (the &#147;Target Bonus Percentage&#148;). The Target Bonus
Percentage for Mr.&nbsp;Chisholm is 110% of base salary. The Target Bonus Percentage for other participants is 75% of base salary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Bonuses under the 2019 MIP are made up of three separate parts: a bonus based on Earnings Before Interest, Taxes, Depreciation and
Amortization (the &#147;EBITDA Bonus&#148;), a bonus based on revenues (the &#147;Revenue Bonus&#148;) and a bonus based on the achievement of certain goals set by the Compensation Committee for each participant (the &#147;Goal Bonus&#148;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-3- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The EBITDA Bonus and the Revenue Bonus are determined for four bonus periods: the second,
third, and fourth quarter of 2019, and for all of 2019, based on quarterly financial targets established by the Compensation Committee. The Goal Bonus applies to each of the four quarters of 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The EBITDA Bonus accounts for 50% of the total bonus potentially payable under the 2019 MIP. The EBITDA Bonus is based on the Company&#146;s
Adjusted EBITDA. &#147;Adjusted EBITDA&#148; means the consolidated EBITDA of the Company, excluding the results from any operations considered discontinued operations for GAAP purposes, plus any amounts deducted in computing EBITDA with respect to
noncash stock compensation and the 2019 MIP. The Compensation Committee has discretion to equitably adjust Adjusted EBITDA for other noncash and/or nonrecurring charges not directly related to the ongoing operations of the Company and the effect of
any acquisition or disposition of any assets and/or lines of business or the impact of any extraordinary or nonrecurring items. The EBITDA Bonus target amount of a participant equals 50% of the target bonus of that participant. Depending on the
performance of the Company&#146;s Adjusted EBITDA for a bonus period, a percentage (ranging from <FONT STYLE="white-space:nowrap">0-150%)</FONT> will be applied to 25% of the each participant&#146;s EBITDA target bonus amount to determine the EBITDA
Bonus for a participant for that bonus period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Revenue Bonus accounts for 20% of the total bonus potentially payable under the 2019
MIP. The Revenue Bonus is based on the performance of the Company&#146;s &#147;Revenue.&#148; Revenue is consolidated revenue, as determined pursuant to GAAP, excluding the results from any operations considered discontinued operations for GAAP
purposes. The Compensation Committee has the discretion to equitably adjust Revenue to reflect the effect of any acquisition or disposition of any assets and/or lines of business and other extraordinary, nonrecurring items. Similar to the EBITDA
Bonus, (i)&nbsp;the Revenue Bonus target amount of a participant equals 20% of the target bonus of that participant, and (ii)&nbsp;depending on the performance of the Company&#146;s Revenues, a percentage (ranging from
<FONT STYLE="white-space:nowrap">0-150%)</FONT> will be applied to 25% of the Revenue Bonus target amount to determine the Revenue Bonus for a participant for that bonus period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Goal Bonus accounts for 30% of the total bonus potentially payable under the 2019 MIP. The Compensation Committee will inform the
participant each quarter in writing of the goals which the Compensation Committee has established as being the criteria to be met by the participant in order to receive his/her Goal Bonus. The Compensation Committee may establish more than one goal
for the participant and may allocate the Goal Bonus of that participant among the goals. The Goal Bonus (or a part thereof) shall be payable to the participant if the Compensation Committee determines, in its discretion, that the goal(s) that the
Compensation Committee has determined to be applicable to that participant for that Goal Bonus has been achieved by the participant. The Goal Bonus shall equal 30% of the Goal Bonus Percentage of that participant, multiplied by the annual base
salary of the participant as of the date that the 2019 MIP becomes applicable to the participant. The Goal Bonus percentage ranges between 0% and 200% depending on the level of achievement by the individual participant. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>2019 Performance Unit Plan </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On
May&nbsp;20, 2019, the Compensation Committee adopted the 2019 PUP to provide appropriate incentives to work towards the continued growth and success of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The 2019 PUP permits the Company to grant shares of restricted stock and Performance Units (collectively, the &#147;Awards&#148;) to its
senior executive officers. Pursuant to the 2019 PUP, the Awards will be based on a dollar value (the &#147;Award Value&#148;) determined by multiplying a factor as set forth in the table below by the annual salary of the participant. The total Award
Value for each participant is allocated as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">40% restricted stock; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">30% Performance Units based on total shareholder return (&#147;TSR&#148;) in connection with the Company&#146;s
peer group (the &#147;TSR Peer Group Awards&#148;); and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">30% Performance Units based on TSR in connection with the Oilfield Equipment and Services and Oil and Gas
Drilling Global Industry Classification Standard (GICS) constituent companies (n=49) of the Russell 2000 Index (&#147;Russell 2000 OFS Index&#148;) (the &#147;TSR Index Awards&#148; and together with the TSR Peer Group Awards, the Performance Unit
Awards&#148;). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-4- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each participant will be granted the number of shares of restricted stock equal to 40% of
the Award Value of the participant divided by $4.00 per share. The shares of restricted stock vest in <FONT STYLE="white-space:nowrap">one-third</FONT> increments, with the last vesting December&nbsp;31, 2021. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each participant will be granted the number of TSR Peer Group Awards and TSR Index Awards each equal to 30% of the Award Value of the
participant divided by $4.00 per share. The Performance Unit Awards have a three-year performance period ending December&nbsp;31, 2021. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With respect to the TSR Peer Group Awards, &#147;Total Shareholder Return&#148; is calculated with respect to the Performance Period for the
Company and each company in the Company&#146;s peer group, based on a comparison between (i)&nbsp;the average closing price of common stock of the respective company for the last 20 trading days before the end of the applicable Performance Period
(adding to such amount, if any, dividends paid per share by any of the companies during the Performance Period) (the &#147;Ending Value&#148;), and (ii)&nbsp;the average closing price of Common Stock for the 20 trading days immediately preceding the
first day of the Performance Period (the &#147;Beginning Price&#148;). Total Shareholder Return is to be measured by subtracting the Beginning Price from the Ending Value to determine the &#147;Value Increase&#148;, and then dividing the Value
Increase by the Beginning Price. Participants can earn restricted shares equal to 0% to 200% of the TSR Peer Group Awards depending on the Company&#146;s performance relative to its peer group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With respect to the TSR Index Awards, &#147;Total Shareholder Return&#148; is calculated with respect to the Company&#146;s stock price
relative to the Russell 2000 OFS Index, based on a comparison between (i)&nbsp;Ending Value, and (ii)&nbsp;Beginning Price. Total Shareholder Return is to be measured by subtracting the Beginning Price from the Ending Value to determine the
&#147;Value Increase&#148;, and then dividing the Value Increase by the Beginning Price. Participants can earn restricted shares equal to 0% to 200% of the TSR Index Awards depending on the performance of the Company&#146;s stock price relative to
the Russell 2000 OFS Index. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Exhibit<BR>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d95355dex101.htm">Chisholm Employment Agreement, dated effective April&nbsp;1, 2019 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d95355dex102.htm">Wilkinson Employment Agreement, dated effective April&nbsp;1, 2019 </A></TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>FLOTEK INDUSTRIES, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
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<TD VALIGN="top">Date: May&nbsp;24, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Elizabeth T. Wilkinson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Elizabeth T. Wilkinson</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE>
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>EMPLOYMENT<B> </B>AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AGREEMENT (this &#147;Agreement&#148;) is entered into on May&nbsp;20, 2019 and effective as of April&nbsp;1, 2019 (&#147;Effective
Date&#148;), between Flotek Industries, Inc., a Delaware corporation (the &#147;Company&#148;), and John W. Chisholm (&#147;Employee&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment</U>. The Company shall employ Employee,
and Employee shall be employed with the Company, upon the terms set forth in this Agreement for the period beginning April&nbsp;1, 2019 and ending on March&nbsp;31, 2020 (the &#147;Expiration Date&#148;), unless terminated earlier as set forth
herein, or unless extended or renewed by mutual written agreement of the parties hereto prior to the then existing Expiration Date. The period during which the Employee is employed by the Company is referred to as the &#147;Employment Period.&#148;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Position and Duties</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall serve as Chief Executive Officer and President of the Company and shall be responsible for such
duties as may be reasonably prescribed by the Board of Directors of the Company which are consistent with the customary duties of such offices. Employee will report to the Board of Directors of the Company and based in the Company&#146;s Houston
office. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp; Employee shall devote his reasonable best efforts and his full business time and attention (except for
permitted vacation periods, periods of illness or other incapacity) to the business and affairs of the Company, and it shall not be considered a violation of this Agreement for the Employee to, (a)&nbsp;engage in or serve such professional, civic,
trade association, charitable, community, religious or similar types of organizations or speaking selections as the Employee may select; (b)&nbsp;serve with the consent of the Board of Directors of the Company on the boards of directors or advisory
committees of any entities, or engage in other business activities; and (c)&nbsp;attend to the Employee&#146;s personal matters and finances so long as such services and activities in (a) &#150; (c) do not significantly interfere with the
performance of Employee&#146;s responsibilities as an employee of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp; As part of his duties, Employee
shall support and assist Company to the best of his ability in identifying and hiring his successor as Company&#146;s new C.E.O. and President, and shall assert his best efforts in transitioning duties to the successor, once hired. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp; As partial consideration for, and as a condition of, Employee&#146;s employment with the Company, Employee has
executed contemporaneously with the execution of this Agreement, the Confidentiality and Restrictive Covenants Agreement attached hereto as Exhibit A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Base Salary, Equity Award and Benefits</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp; Employee&#146;s annual base salary for the Employment Period shall initially be $550,000 (the &#147;Base
Salary&#148;). The Base Salary shall be payable in equal installments in </P>
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accordance with the Company&#146;s general payroll practices and shall be subject to required withholding. Any change in Base Salary shall, subject to Section&nbsp;5, be at the sole discretion of
the Compensation Committee of the Board of Directors of the Company. During the Employment Period, Employee will be eligible to participate in the Company&#146;s employee benefit programs on the same basis as other employees of the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp; Employee shall be eligible for quarterly and annual bonuses in accordance with the Management Incentive Plan (the
&#147;MIP&#148;) of the Company, pursuant to the terms of such plan and such terms as shall be established by the Compensation Committee of the Board. The Employee&#146;s target bonus percentage for the 2019 MIP and 2020 MIP shall be one hundred ten
percent (110%). Employee will be eligible to participate in the Performance Unit Plan (the &#147;PUP&#148;) of the Company or other equity plan for senior executives pursuant to the terms of that plan and such terms as shall be established by the
Compensation Committee of the Board. The factor for the 2019 PUP and 2020 PUP to determine the Employee&#146;s award value shall be 2.25. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Promptly after the execution of this Agreement, Employee shall be granted 85,000 share of restricted Company stock,
which shall vest upon Employee&#146;s termination of employment, or March&nbsp;31, 2020, whichever is earlier. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall reimburse Employee for all reasonable expenses incurred in the course of performing duties under
this Agreement which are consistent with the Company&#146;s policies in effect with respect to travel, entertainment and other business expenses pursuant to applicable Treasury Regulations. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Employee may be eligible to receive annual merit raises approved at the discretion of the Compensation Committee of
the Board of Directors of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall be eligible for vacations in accordance with Company
policies with a minimum of five<I> </I>weeks&#146; vacation during each year in the Employment Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment Term and Termination</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Employment Period shall continue until terminated upon the earlier of (i)&nbsp;the Expiration Date of this
Agreement or of any extension or renewal period; (ii)&nbsp;Employee&#146;s resignation with or without Good Reason or Employee&#146;s death or Disability or (iii)&nbsp;the termination of the Employee by the Company with or without cause. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Employee&#146;s employment with the Company will be &#147;At Will,&#148; meaning that either Employee or the Company
may terminate Employee&#146;s employment at any time and for any reason, with or without cause or Good Reason. The date on which the Employee&#146;s employment is terminated is referred herein as the &#147;Termination Date.&#148; Notwithstanding any
other provisions of this agreement or any other agreement, upon termination of employment by the Company for any reason, termination by Employee for Good Reason, and upon expiration of this Agreement at the end of the Employment Period, Employee
will receive a severance package consistent with the terms and conditions set forth in Section&nbsp;5 below. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Provided that Employee has not terminated his employment without Good Reason, and provided that Employee signs and
delivers to the Company a Confidential Severance and Release Agreement in the form set forth in Exhibit B attached hereto and to be provided by the Company within 5 days of the Termination Date (the &#147;Release Agreement&#148;) within 60 days
following the termination of Employee&#146;s employment with the Company (such 60<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day following termination being referred to as the &#147;Release Date&#148;) and does not revoke such signed
Release Agreement pursuant to the terms thereof, Employee, upon termination of employment prior to or upon the expiration of the Employment Period (which must qualify as a &#147;Separation from Service&#148; within the meaning of Section&nbsp;409A
of the Code to the extent applicable), shall be entitled to receive severance compensation equal to the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;The sum of $3,612,000, which shall be payable in twenty-four (24)&nbsp;monthly installments equal to <FONT
STYLE="white-space:nowrap">one-twenty-fourth</FONT> of such severance compensation, subject to required withholding, with the first payment made on the last day of the month in which the Release Date falls, and subsequent payments on the last day of
each of the next twenty-three (23)&nbsp;full calendar months following the Release Date.&#148; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;if the Employee
timely and properly elects health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (&#147;COBRA&#148;), the Company shall reimburse the Employee for the monthly COBRA premium paid by the Employee for Employee
and Employee&#146;s dependents who were covered under the Company&#146;s health plan immediately preceding the Date of Termination. The reimbursement under Section&nbsp;5(a)(2) shall be paid to the Employee prior to the last day of the month
immediately following the month in which the Executive timely remits the premium payment, and the Employee shall be eligible to receive such reimbursement until the earliest of: (i)&nbsp;the <FONT STYLE="white-space:nowrap">12-month</FONT>
anniversary of the Date of Termination; (ii)&nbsp;the date the Employee (or Employee&#146;s dependents, if applicable) is no longer eligible to receive COBRA continuation coverage; and (iii)&nbsp;the date on which the Employee receives coverage from
another employer or other source. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;The time vested portion of the 2019 PUP, which equals 123,750 shares. Any
decision by the Company to vest shares under the 2018 PUP in the event of early termination, shall be made by the full Board. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;Any benefits earned for quarterly or annual bonuses under the MIP, but not yet paid as of the termination date.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall receive none of the severance compensation outlined in Sections 5(a)(i) and 5(a)(ii), if
Employee resigns without Good Reason, but Employee shall be entitled to receive: (i)&nbsp;Employee&#146;s Base Salary earned and payable through the Termination Date; (ii)&nbsp;any accrued but unused vacation/time off to the extent required under
applicable law; (iii)&nbsp;reimbursement for all incurred but unreimbursed expenses to the extent Employee is entitled to be reimbursed; and (iv)&nbsp;any other earned but unpaid compensation, if applicable, as of the Termination Date. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Agreement, the following terms shall have
the meanings set forth below: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Disability&#148; shall have the meaning assigned to such term in Section&nbsp;22(e)(3)
of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Good Reason&#148; shall exist upon the
occurrence of one of the following Company actions (unless Employee consents in writing to such action(s)): (i)&nbsp;a material reduction of the Employee&#146;s base salary and employee benefits to which the Employee was entitled immediately prior
to such reduction, (ii)&nbsp;a material reduction in the duties, authority or responsibilities relative to the Employee&#146;s duties, authority or responsibilities as in effect immediately prior to such reduction, or (iii)&nbsp;the relocation of
the Employee to a facility or a location more than fifty (50)&nbsp;miles from the<I> </I>Employee&#146;s then present location; provided, however, that in all cases (A)&nbsp;Employee must provide the Company with written notice of the occurrence of
such action(s) described under (i), (ii) or (iii)&nbsp;above within 60 days of the initial occurrence of such action(s) and of his intent to terminate employment based on such action(s), (B) the written notice must describe the event constituting
Good Reason in reasonable detail, (C)&nbsp;the Company shall have 30 days from the date that such written notice is received by the Company in which to cure such action(s), and (D)&nbsp;any termination of employment for Good Reason must take place
within the <FONT STYLE="white-space:nowrap">six-month</FONT> period following the initial occurrence of the Good Reason event. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<U>Section </U>409A. Notwithstanding anything herein to the contrary, to the extent required to comply with
Section&nbsp;409A of the Code (&#147;Section&nbsp;409A&#148;), (i) each reimbursement or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefit provided under this Agreement shall be provided in a manner and at a time that complies with
Section&nbsp;409A; (ii)&nbsp;if at the time of Employee&#146;s termination of employment with the Company, Employee is a &#147;specified employee&#148; within the meaning of Section&nbsp;409A, any payments and/or benefits provided under this
Agreement that constitute &#147;nonqualified deferred compensation&#148; subject to Section&nbsp;409A that are provided to Employee or for Employee&#146;s benefit on account of his separation from service shall not be provided until the first
payroll date to occur following the <FONT STYLE="white-space:nowrap">six-month</FONT> anniversary of Employee&#146;s termination date (&#147;Specified Employee Payment Date&#148;), and the aggregate amount of any payments that would otherwise have
been made to Employee during such <FONT STYLE="white-space:nowrap">six-month</FONT> period shall be paid in a lump sum to Employee on the Specified Employee Payment Date without interest and, thereafter, any remaining payments shall be paid without
delay in accordance with their original schedule; (iii)&nbsp;a termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a
termination of employment unless such termination also constitutes a &#147;Separation from Service&#148; within the meaning of Section&nbsp;409A and, for purposes of any such provision of this Agreement, references to a &#147;termination,&#148;
&#147;termination of employment,&#148; &#147;separation from service&#148; or like terms shall mean Separation from Service;, and (iv)&nbsp;each payment identified in Section&nbsp;5(a)(i)-(ii), including each separate installment payment identified
thereunder, will be considered a separate payment for purposes of Section&nbsp;409A. Terms defined in the Agreement will have the meanings given such terms under Section&nbsp;409A if and to the extent required to comply with Section&nbsp;409A.
Notwithstanding any other provision in the Agreement, the Company and Employee will cooperate in good faith to amend or modify the Agreement so that the payments under this Agreement qualify for exemption from or comply with Code Section&nbsp;409A;
provided, however, that the Company makes no representations that the payments under the Agreement shall be exempt from or comply with Section&nbsp;409A of the Code and any such taxes shall be the responsibility of the Employee. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;<U>Parachute Payments</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in this Agreement to the contrary, (i)&nbsp;to the extent that
any payment, benefit or distribution of any type to or for the Employee by the Company, any affiliate of the Company, any person or entity (referred to herein as a &#147;<B>Person</B>&#148;) who acquires ownership or effective control of the Company
or ownership of a substantial portion of the Company&#146;s assets (within the meaning of Section&nbsp;280G of Internal Revenue Code of 1986 (the &#147;<B>Code</B>&#148;), as amended, and the regulations and other guidance issued thereunder), or any
affiliate of such Person, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (the &#147;<B>Payments</B>&#148;) constitute &#147;parachute payments&#148; (within the meaning of
Section&nbsp;280G of the Code), and if (ii)&nbsp;such Payments would result in the imposition of an excise tax under Section&nbsp;4999 of the Code (the &#147;<B>Excise Tax</B>&#148;), then such Payments shall be reduced (but not below zero) if and
to the extent necessary so that no Payments to be made or benefit to be provided to the Employee shall be subject to the Excise Tax. If the Payments are so reduced, the Company shall reduce or eliminate the Payments (A)&nbsp;by first reducing or
eliminating the portion of the Payments which are not payable in cash (other than that portion of the Payments subject to clause&nbsp;(C) hereof), (B) then by reducing or eliminating cash payments (other than that portion of the Payments subject to
clause&nbsp;(C) hereof) and (C)&nbsp;then by reducing or eliminating the portion of the Payments (whether payable in cash or not payable in cash) to which Treasury Regulation <FONT STYLE="white-space:nowrap">&#167;&nbsp;1.280G-1</FONT> Q/A 24(c) (or
any successor thereto) applies, in each case in reverse order beginning with payments or benefits which are to be paid the latest in time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;It is possible that after the determinations and selections made pursuant to this Section&nbsp;7
Employee will receive 280G benefits that are, in the aggregate, more than the amount provided under this Section&nbsp;7 (hereafter referred to as an &#147;<B><U>Excess Payment</U></B>&#148;). If it is established, pursuant to a final determination
of a court or an Internal Revenue Service proceeding that has been finally and conclusively resolved, that an Excess Payment has been made, then Employee shall promptly pay an amount equal to the Excess Payment to the Company, together with interest
on such amount at the applicable federal rate (as defined in and under Section&nbsp;1274(d) of the Code) from the date of Employee&#146;s receipt of such Excess Payment until the date of such payment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>. Any notice provided for in this Agreement shall be in writing and shall be either personally
delivered, sent by a nationally recognized overnight delivery service, or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><U>Notices to Employee</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">John W. Chisholm </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">40 Buttonbrush
Court </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Spring, TX 77380 </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><U>Notices to the Company</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Flotek Industries, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Attn:
General Counsel </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">10603 W. Sam Houston Pkwy. N., Suite 300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Houston, TX 77043 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or such other address or to
the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered or, if sent by first class mail, three
(3)&nbsp;days after so mailed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>. Whenever possible, each provision of this Agreement shall
be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employee</U><U>&#146;</U><U>s Attorney Fees</U>. Company shall pay the
reasonable attorney fees incurred by Employee to obtain advice regarding his employment with the Company and in reviewing and negotiating the terms of this Agreement, in an amount up to $20,000.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;<U>Complete Agreement</U>. Except with respect to the aforementioned Confidentiality and Restrictive Covenants
Agreement between the Company and the Employee, this Agreement embodies with respect to the subject matter hereof the complete agreement and understanding among the parties and supersedes and preempts with respect to the subject matter hereof any
prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>. This Agreement may be executed in separate counterparts, each of which is deemed to be an
original and all of which taken together constitute one and the same agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors and Assigns</U>.
This Agreement is intended to bind and inure to the benefit of and be enforceable by Employee, the Company and their respective heirs, successors and assigns, except that Employee may not assign his rights or delegate his obligations hereunder
without the prior written consent of the Company except by operation of law to Employee&#146;s estate upon the death of Employee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice of Law</U>. All issues and questions concerning the construction, validity, enforcement and
interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Texas or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Texas. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent to Personal Jurisdiction</U>. Any suit, action or
other proceeding arising out of or based upon this Agreement and any other agreement with the Company which is not subject to the arbitration provisions of Section&nbsp;13, shall be brought in a court in the State of Texas. - </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;<U>Arbitration and Equitable Remedies</U>. The parties agree that any dispute or controversy arising out of or
relating to any interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in Houston, Texas, in accordance with the rules then in effect of the American Arbitration Association, provided
however, the parties will be entitled to full and liberal evidentiary discovery in accordance with the rules governing civil litigation in courts of the same jurisdiction. The arbitrator may grant injunctions or other relief in such dispute or
controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator&#146;s decision in any court having jurisdiction. The Company shall pay the legal costs
and expenses of such arbitration; however, the prevailing party shall be entitled to recover from the <FONT STYLE="white-space:nowrap">non-prevailing</FONT> party all reasonable legal costs and expenses incurred including time of law firm staff,
court costs, attorneys&#146; fees, and all other related expenses incurred in such arbitration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
and Waiver</U>. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and Employee, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the
validity, binding effect or enforceability of such provision or any other provision of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">18.&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>. All compensation, payments and benefits provided for herein shall be subject to all applicable
taxes and withholdings. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective
Date. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:10pt">FLOTEK INDUSTRIES, INC.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/Elizabeth T. Wilkinson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Elizabeth T. Wilkinson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Chief Financial Officer</P></TD></TR></TABLE></DIV>
<DIV ALIGN="right">
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<TD VALIGN="top">Date&nbsp;of&nbsp;Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">5-20-19</FONT></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/John W. Chisholm</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:10pt">John W. Chisholm</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date&nbsp;of&nbsp;Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">5/20/19</P></TD></TR>
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AGREEMENT </B></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>FIRST AMENDED AND RESTATED </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>EMPLOYMENT<B> </B>AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS FIRST AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this &#147;Agreement&#148;) is entered into on May&nbsp;20, 2019 to be effective as of
April&nbsp;1, 2019 (&#147;Effective Date&#148;), between Flotek Industries, Inc., a Delaware corporation (the &#147;Company&#148;), and Elizabeth Wilkinson (&#147;Employee&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Employee previously entered into that certain Employment Agreement dated effective as of December&nbsp;28, 2018 with the Company (the
&#147;Original Employment Agreement&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Employee and the Company wish to amend certain terms of the Original Employment
Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Original Employment Agreement shall be hereby amended and restated as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment</U>. The Company shall employ Employee, and Employee shall be employed with the Company, upon the
terms set forth in this Agreement for the period beginning on April&nbsp;1, 2019 and ending on December&nbsp;31, 2020 (the &#147;Expiration Date&#148;), unless terminated earlier as set forth herein. The period during which the Employee is employed
by the Company is referred to as the &#147;Employment Period.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<U>Position and Duties</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall serve as Chief Financial Officer of the Company and shall be responsible for such duties as may be
reasonably prescribed by the Board of Directors of the Company or the Chief Executive Officer of the Company. Employee will report to the Chief Executive Officer of the Company and work in the Company&#146;s Houston office. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall devote her reasonable best efforts and her full business time and attention (except for permitted
vacation periods, periods of illness or other incapacity) to the business and affairs of the Company, and it shall not be considered a violation of this Agreement for the Employee to, (a)&nbsp;engage in or serve such professional, civic, trade
association, charitable, community, religious or similar types of organizations or speaking selections as the Employee may select; (b)&nbsp;serve with the consent of the Chief Executive Officer of the Company on the boards of directors or advisory
committees of any entities, or engage in other business activities; and (c)&nbsp;attend to the Employee&#146;s personal matters and finances so long as such services and activities in (a) &#150; (c) do not significantly interfere with the
performance of Employee&#146;s responsibilities as an employee of the Company. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<U>Base Salary, Equity Award and Benefits</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Employee&#146;s annual base salary for the Employment Period shall initially be $350,000 (the &#147;Base
Salary&#148;). The Base Salary shall be payable in equal installments in accordance with the Company&#146;s general payroll practices and shall be subject to required withholding. Any change in Base Salary shall be at the sole discretion of the
Compensation Committee of the Board of Directors of the Company. During the Employment Period, Employee will be eligible to participate in the Company&#146;s employee benefit programs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall be eligible for annual bonuses in accordance with the Management Incentive Plan (the &#147;MIP&#148;)
of the Company, pursuant to such terms as shall be established by the Compensation Committee of the Board. The Employee&#146;s target bonus percentage for the 2019 MIP shall be seventy-five percent (75%). Employee will be eligible to participate in
the Performance Unit Plan (the &#147;PUP&#148;) of the Company pursuant to the terms of that plan and such terms as shall be established by the Compensation Committee of the Board. The factor for the 2019 PUP to determine the Employee&#146;s award
value shall be 1.35. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;The Company shall reimburse Employee for all reasonable expenses incurred in the course of
performing duties under this Agreement which are consistent with the Company&#146;s policies in effect with respect to travel, entertainment and other business expenses pursuant to applicable Treasury Regulations. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Employee may be eligible to receive annual merit raises approved at the discretion of the Compensation Committee of
the Board of Directors of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Employee shall be eligible for vacations in accordance with Company
policies with a minimum of four<I> </I>weeks&#146; vacation during each year in the Employment Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment Term and Termination</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Employment Period shall continue until terminated upon the earlier of (i)&nbsp;the Expiration Date,
(ii)&nbsp;Employee&#146;s resignation with or without Good Reason or Employee&#146;s death or Disability or (iii)&nbsp;the termination of the Employee by the Company with or without Cause. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Employee&#146;s employment with the Company will be &#147;At Will,&#148; meaning that either Employee or the Company
may terminate Employee&#146;s employment at any time and for any reason, with or without Cause or Good Reason. The date on which the Employees&#146; employment is terminated is referred herein as the &#147;Termination Date.&#148; If the reason for
termination is without Cause or with Good Reason, Employee would receive a severance package consistent with the terms and conditions set forth in Section&nbsp;5 below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;If Employee&#146;s employment with the Company is terminated by the Company without Cause or by Employee with Good
Reason prior to the Expiration Date, and provided that Employee signs and delivers to the Company a Confidential Severance and Release Agreement </P>
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in a reasonable form as provided by the Company (the &#147;Release Agreement&#148;) within 60 days following the termination of Employee&#146;s employment with the Company (such 60<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> day being referred to as the &#147;Release Date&#148;) and does not revoke such signed Release Agreement pursuant to the terms thereof, Employee shall be entitled to receive severance compensation
equal to the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;150&nbsp;percent of the Employee&#146;s annual Base Salary and Target Bonus (determined
regardless of the actual results of the Company for that year) in effect at the Termination Date, which amount under Section&nbsp;5(a)(i) or (ii), as applicable, shall be payable in nine (9)&nbsp;monthly installments equal to <FONT
STYLE="white-space:nowrap">one-ninth</FONT> of such severance compensation, subject to required withholding, payable at the end of each of the next nine (9)&nbsp;full calendar months following the first full calendar month following the Release
Date, and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;if the Employee timely and properly elects health continuation coverage under the Consolidated
Omnibus Budget Reconciliation Act of 1985 (&#147;COBRA&#148;), the Company shall reimburse the Employee for the monthly COBRA premium paid by the Employee for Employee and Employee&#146;s dependents who were covered immediately preceding the
Termination Date. The reimbursement under Section&nbsp;5(a)(2) shall be paid to the Employee prior to the last day of the month immediately following the month in which the Executive timely remits the premium payment, and the Employee shall be
eligible to receive such reimbursement until the earliest of: (i)&nbsp;the <FONT STYLE="white-space:nowrap">12-month</FONT> anniversary of the Termination Date; (ii)&nbsp;the date the Employee (or Employee&#146;s dependents, if applicable) is no
longer eligible to receive COBRA continuation coverage; and (iii)&nbsp;the date on which the Employee receives substantially similar coverage from another employer or other source. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary herein contained, except to the extent required by law, the Company shall
not be required to pay any amounts under this Section&nbsp;5 or elsewhere in this Agreement if Employee is in breach of any of its obligations under this Agreement or any other Agreement with the Company, including without limitation, all employee
policies of the Company and any obligation relating to the treatment of Company confidential information and any <FONT STYLE="white-space:nowrap">non-compete</FONT> obligation, but as to all of these, only if materially injurious to the Company.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;If Employee&#146;s employment with the Company is terminated for Cause or death or Disability, or Employee
resigns without Good Reason, Employee shall be entitled to receive: (i)&nbsp;Employee&#146;s Base Salary earned and payable through the Termination Date; (ii)&nbsp;any accrued but unused vacation/time off to the extent required under applicable law;
(iii)&nbsp;reimbursement for all incurred but unreimbursed expenses to the extent Employee is entitled to be reimbursed; and (iv)&nbsp;any other earned but unpaid compensation, if applicable, as of the Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Agreement, the following terms shall have the meanings set forth below: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Cause&#148; shall mean (i)&nbsp;Employee&#146;s failure to substantially perform one or more of Employee&#146;s essential
duties and obligations to the Company (other than any such failure resulting from a Disability) which Employee fails to remedy in a reasonable period of </P>
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time (not to exceed 60 days) after receipt of written notice from the Company; (ii)&nbsp;Employee&#146;s refusal or failure to comply with the reasonable and legal directives of the Board of
Directors after written notice from the Board describing Employee&#146;s failure to comply and Employee&#146;s failure to remedy same within 21 days of receiving written notice; (iii)&nbsp;any act of personal dishonesty, fraud or misrepresentation
taken by Employee which was intended to result in or resulted in substantial gain or personal enrichment of the Employee at the expense of the Company; (iv)&nbsp;Employee&#146;s violation of a federal or state law or regulation applicable to the
Company&#146;s business which violation was or is reasonably likely to be materially injurious to the Company; (v)&nbsp;Employee&#146;s conviction of, or plea of nolo contendere or guilty to, a felony under the laws of the United States or any State
that is reasonably likely to reasonably likely to be materially injurious to the Company; (vi)&nbsp;Employee&#146;s abuse of drugs, other narcotics or alcohol during working hours or where such abuse (whenever occurring) impacts on Employee&#146;s
working day, (vii)&nbsp;Employee&#146;s breach of any of his obligations under any written agreement with the Company (including without limitation this Agreement and any proprietary information and inventions assignment agreement with the Company)
which, to the extent such breach is remediable, Employee fails to remedy in a reasonable period of time (not to exceed 60 days) after receipt of written notice from the Company; or (viii)&nbsp;Employee&#146;s violation of a policy of the Company
which, to the extent such failure is remediable, Employee fails to remedy in a reasonable period of time (not to exceed 30 days) after receipt of written notice from the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Disability&#148; shall have the meaning assigned to such term in Section&nbsp;22(e)(3) of the Internal Revenue Code of
1986, as amended (the &#147;Code&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Good Reason&#148; shall exist upon the occurrence of one of the following
Company actions (unless Employee consents in writing to such action(s)): (i)&nbsp;a material reduction of the Employee&#146;s salary and employee benefits to which the Employee was entitled immediately prior to such reduction unless such reduction
applies to all similarly situated executives, (ii)&nbsp;a material reduction in the duties, authority or responsibilities relative to the Employee&#146;s duties, authority or responsibilities as in effect immediately prior to such reduction,
provided, however, that if the Company assigns to the Employee duties for another senior executive position with the Company, such assignment shall not constitute Good Reason; or (iii)&nbsp;the relocation of the Employee to a facility or a location
more than fifty (50)&nbsp;miles from the<I> </I>Employee&#146;s then present location; provided, however, that (A)&nbsp;Employee must provide the Company with written notice of the occurrence of such action(s) within 60 days of the initial
occurrence of such action(s) and of her intent to terminate employment based on such action(s), (B) the written notice must describe the event constituting Good Reason in reasonable detail, and (C)&nbsp;within 30 days from the date that such written
notice is received by the Company, the Company must cure such action(s). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;If there is a Change of Control of
the Company prior to the Expiration Date: (i)&nbsp;60,000 shares of restricted common stock of the Company issued to Employee pursuant to the Restricted Stock Agreement between Employee and the Company dated December&nbsp;28, 2018 will become vested
as set forth in such Restricted Stock Agreement, (ii)&nbsp;awards granted pursuant to the then applicable MIP and PUP will become subject to, and affected by, the Change of Control </P>
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provisions contained in such plans, and (iii)&nbsp;if Employee&#146;s employment with the Company is terminated by the Company without Cause or by Employee for Good Reason prior to the Expiration
Date, Employee will thereafter be entitled to receive severance pursuant and subject to the terms and conditions of Section&nbsp;5 of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, (i)&nbsp;to the extent required by Section&nbsp;409A of the Code,
each reimbursement or <FONT STYLE="white-space:nowrap">in-kind</FONT> benefit provided under this Agreement shall be provided in a manner and at a time that complies with Section&nbsp;409A; (ii)&nbsp;if at the time of Employee&#146;s termination of
employment with the Company, Employee is a &#147;specified employee&#148; within the meaning of Section&nbsp;409A of the Code, and the deferral of the commencement of any payments or benefits (or portions thereof) otherwise payable hereunder as a
result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section&nbsp;409A of the Code, then the payment or benefits shall be delayed to the earliest date required under Section&nbsp;409A of
the Code to the extent and amount necessary to comply with Section&nbsp;409A of the Code, with such delayed payments to be accumulated and made in lump sum on the first business day following the earliest date permitted by Section&nbsp;409A of the
Code, (iii)&nbsp;for purposes of this Section&nbsp;5, a termination of employment only occurs if it constitutes a &#147;separation from service&#148; under Section&nbsp;409A of the Code, and (iv)&nbsp;each payment identified in
Section&nbsp;5(a)(i)-(iii), including each separate installment payment identified thereunder, will be considered the right to a series of separate payments. Notwithstanding any other provision in the Agreement, the Company and Employee will
cooperate in good faith to amend or modify the Agreement so that the payments under this Agreement qualify for exemption from or comply with Code Section&nbsp;409A; provided, however, that the Company makes no representations that the payments under
the Agreement shall be exempt from or comply with Section&nbsp;409A of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>. Any notice
provided for in this Agreement shall be in writing and shall be either personally delivered, sent by a nationally recognized overnight delivery service, or mailed by first class mail, return receipt requested, to the recipient at the address below
indicated: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><U>Notices to Employee</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Elizabeth Wilkinson </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">827
Greenbelt Drive </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Houston, Texas 77079 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><U>Notices to the Company</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Flotek Industries, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Attn:
General Counsel </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">10603 W. Sam Houston Pkwy. N., Suite 300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Houston, TX 77043 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or such other address or to
the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered or, if sent by first class mail, three
(3)&nbsp;days after so mailed. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;<U>Complete Agreement</U>. Except with respect to any
proprietary information and inventions assignment agreement between the Company and the Employee, this Agreement embodies with respect to the subject matter hereof the complete agreement and understanding among the parties and supersedes and
preempts with respect to the subject matter hereof any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way, including but not limited to the
Original Employment Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>. This Agreement may be executed in separate counterparts,
each of which is deemed to be an original and all of which taken together constitute one and the same agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors and Assigns</U>. This Agreement is intended to bind and inure to the benefit of and be enforceable by
Employee, the Company and their respective heirs, successors and assigns, except that Employee may not assign her rights or delegate her obligations hereunder without the prior written consent of the Company except by operation of law to
Employee&#146;s estate upon the death of Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice of Law</U>. All issues and questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of Texas or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Texas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent to Personal Jurisdiction</U>. Any suit, action or other proceeding arising out of or based upon this
Agreement and any other agreement with the Company which is not subject to the arbitration provisions of Section&nbsp;13, shall be brought in the U.S. District Court for the Southern District of Texas, Houston Division. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;<U>Arbitration and Equitable Remedies</U>. Employee agrees that any dispute or controversy arising out of or
relating to any interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in Houston, Texas, in accordance with the rules then in effect of the American Arbitration Association, provided
however, the parties will be entitled to full and liberal evidentiary discovery in accordance with the rules governing civil litigation in courts of the same jurisdiction. The arbitrator may grant injunctions
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or other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the
arbitrator&#146;s decision in any court having jurisdiction.&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay the legal costs and expenses of such arbitration; however, the prevailing party shall be entitled to recover from the <FONT
STYLE="white-space:nowrap">non-prevailing</FONT> party all reasonable legal costs and expenses incurred including time of law firm staff, court costs, attorneys&#146; fees, and all other related expenses incurred in such arbitration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment and Waiver</U>. The provisions of this Agreement may be amended or waived only with the prior written
consent of the Company and Employee, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of such provision or any other provision of this Agreement.
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:10pt"><B>FLOTEK INDUSTRIES, INC.</B></FONT></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/John W. Chisholm</P></TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">John W. Chisholm</P></TD></TR>
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<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CEO/President</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/Elizabeth T. Wilkinson</P></TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Elizabeth Wilkinson</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE PAGE TO EMPLOYMENT AGREEMENT </B></P>
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